Maureen Megowan's Blog

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It's Official, Interest Rates are now Crazy Low !!!!

Interest rates have again moved down to unbelievable levels not seen for over 40 years.  The following graph can give you an idea of the historically low  levels which we are at now

 30-Year FRM Rates 1971 - 2010:

Reproduced with the permission of Mortgage-X.com

The following are interest rate quotes from Al Hermann of American/California Financial Services

30 Yr Fixed FHA

Rate

APR

 

     

4.000%

4.546%

Details

     

 

Conforming 30 Yr Fixed up to $417000

Rate

APR

 

     

4.000%

4.147%

Details

     

 

Conforming Jumbo 30 Yr Fixed $417001 - $625500

Rate

APR

 

     

4.250%

4.392%

Details

     

 

Conforming Jumbo Fixed $625000 - $729750

Rate

APR

 

     

4.250%

4.390%

Details

     

 

Jumbo 7/1 ARM $1.5 Mil (higher loan amt available)

Rate

APR

 

     

4.250%

3.586%

Details

     

 

Rates for 30 year fixed rate Jumbo loans in excess of $729,750 range from 5.25 % to 5.5%.

For more information about Palos Verdes and South Bay Real Estate and buying and selling a home on the Palos Verdes Peninsula, visit my website at http://www.maureenmegowan.com . I try to make this the best real estate web blog in the South Bay Los Angeles and the Palos Verdes Peninsula. I would love to hear your comments or suggestions.

Comment balloon 1 commentMaureen Megowan • August 13 2010 02:27PM

Comments

My client just got a 4.25% FHA loan with NO POINTS!  I told him he will very likely NEVER have to refinance with a loan like that!  Needless to say, he is ecstatic!

Posted by Tiffany Wilson, SFR, First Time Home Buyers & Investors (eReal Estate Corp) about 8 years ago

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